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15th May, Beijing-As per the report by NBD, over 20,000 gas station of PetroChina went offline on 13th May. Although 80% of the gas station resumed normal operation after 25 hours, it’s the first time that many ordinary people has to face the idea of Bitcoin so close. The company released a press release to explain the situation. Many other institutes in China were also infected. The Chinese Bitcoin community are busy clarifying “Bitcoin is a virus” as reported by some mainstream media. In the end, the winners in the attack might be those who hate to work on Mondays and the shareholders of anti-virus company in China.

At about 22:30 on May 12th, due to the outbreak of Bitcoin ransomware, the normal operation of the Company’s gas station were affected. The virus has compromised the online payment method like “Fuel Card” of PetroChina, bank card and other third party payment processor.

At 1AM on 13th May, or 2 and a half hours later, all gas stations of PetroChina were forced to disconnect from the network.

It was a hard decision to make for the operators as PetroChina is one of the two major fuel suppliers in China. It’s the first time that a ransomware were getting so close to the general public.

Prior to the outbreak in PetroChina, the first wave of infection has hit the LAN network in educational institutes. At around 20 pm 12th May, many students reported their computer were frozen and a pop-up window asking 300USD worth of bitcoin to decrypt their infected file. Even the Beijing University fell for victims.

School LAN network got infected. source: Internet

Public facility in Beijing University got infected. Source: Internet

Bank ATMs are vulnerable. Source: Internet

Even the police become victims. Source: Internet

The outbreak of ransomware has raised concerns among the Chinese Bitcoin community for the smearing of Bitcoin. Wu Guanggeng, founder of Bixin, expressed his sympathy for the victims and accused those who attacked the hospitals. Wu also asked people not to confuse “bitcoin” and “virus” simply because these two words came up close in mainstream media coverage.

1. Bitcoin is not virus. The tool is called “eternal blue” and ask the ransom to be paid in Bitcoin. In the mainstream media coverage, the wording has been shortened to “Bitcoin Virus”.
2. Bitcoin is not virus and will not spread across Wechat moment. Therefore the bitcoin on my mobile phone wouldn’t be transferred to yours and I wouldn’t let it happen.
3. Bitcoin is not virus and certainly not the curator of virus. Virus is spawned from flawed system like Windows.

Compared to the impact of virus outbreak on bitcoin price, he was more concerned over the smearing of Bitcoin in the incident. He also advised people not to buy bitcoins in those exchanges that wouldn’t allow withdrawal.

Baidu Baike pushed a “Bitcoin Ransomware” to its headlines today. The entry was first created in 2015 when the CTB-locker was detected. Instead of using CTB-locker as the keyword, “Bitcoin” has been directly connected to the ransomware. Besides, Bitcoin Virus is a catchy phrase in Chinese compared to “wannacry” hashtag especially when Bitcoin price recently passed the 10,000 yuan milestone not long ago. Search on Baidu News with “Bitcoin ransomware” returns 2,990 articles and “ wannacry virus” returns 1,480.

The silver lining is that some people found that the infection could be a perfect excuse for lots of things like delayed thesis. But the shareholders of some software company in China may be the happiest group as their stocks went up 10% today as speculators believe that they are the beneficiaries.

Listed software company are considered beneficiaries of the WannaCry outbreak

Learn cryptocurrency and digital assets since 2013 and co-founder of 8btc in 2014. Co-author of 2014-2015 Digital Currency Development Report(2015) and first author of Investment Guidelines To Blockchain Digital Currency (Published in June 2017 ISBN:9787300239286).

COMMENTS(8)

2 years agohl5460

15th May, Beijing-As per the report by NBD, over 20,000 gas station of PetroChina went offline on 13th May. Although 80% of the gas station resumed normal operation after 25 hours, its the first time that many ordinary people has to face the idea of Bitcoin so close. The company released a press release to explain the situation. Many other institutes in China were also infected. The Chinese Bitcoin community are busy clarifying Bitcoin is a virus as reported by some mainstream media. In the end, the winners in the attack might be those who hate to work on Mondays and the shareholders of anti-virus company in China.http://news.8btc.com/wannacry-forced-20000-petrochina-gas-stations-offline-is-bitcoin-to-be-blamed

Of course, it’s a perfect opportunity for the Chinese government to steer the mainstream media into stating that Bitcoin is a virus. Seriously, if you have to explain people that Bitcoin isn’t a virus at all, it tells a lot about how low the general IQ of people is. The severity of this attack shows that businesses, banks, universities, hospitals, etc, don’t take system security serious at all. In most cases it comes from running older windows versions that don’t receive any updates to fix security holes anymore. Penny pinchers.What’s up with the 8btc site? It always takes ages to load.

Quote from: 1Referee on May 15, 2017, 10:20:05 AM
Of course, it’s a perfect opportunity for the Chinese government to steer the mainstream media into stating that Bitcoin is a virus. Seriously, if you have to explain people that Bitcoin isn’t a virus at all, it tells a lot about how low the general IQ of people is. The severity of this attack shows that businesses, banks, universities, hospitals, etc, don’t take system security serious at all. In most cases it comes from running older windows versions that don’t receive any updates to fix security holes anymore. Penny pinchers.What’s up with the 8btc site? It always takes ages to load.

I know certain government departments that are still making use of Windows XP!! It has indeed all to do with them looking to cut costs everywhere possible. I seriously hope that this will be a lesson for every entity to ditch older versions of windows, and to make use of proper anti virus tools. It’s mind boggling that hospitals have to move surgeries to a different day just because of this. Shame on them — it could have been avoided pretty easily. After all, they lost more than they have “gained” by cutting costs.

People say this is not a government sanctioned attack, but I differ from them. Looking at the targets… Gas providers and hospitals and somegovernment institutions that used outdated OS’s…. Some people seem to think these attacks are coming from North Korea. Anyone know how hard Japan has been hit by this? { If it was severe… then the timing is not a coincidence }

That’s the problem with the Chinese government. Bitcoin cannot be classify as a virus. Still they didn’t know what bitcoin technology is even with the Chinese. I only speculate that they want to characterized bitcoin is more harming that beneficial to the general public. We all have to take protecting are online business seriously, because hackers are really looking for any exploit they can find specially on Windows OS to inflict harm or like we now see, extort money. But thanks to the hackers, people now are taking steps to upgrade all systems before they become the next victim of such an attack.